HDFC Life moves up on tying up with Lokmanya Multipurpose Cooperative Society
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HDFC Life Insurance Company is currently trading at Rs. 586.80, up by 1.50 points or 0.26% from its previous closing of Rs. 585.30 on the BSE.
The scrip opened at Rs. 586.30 and has touched a high and low of Rs. 588.00 and Rs. 582.10 respectively. So far 12400 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 710.60 on 12-Dec-2023 and a 52 week low of Rs. 457.95 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 593.95 and Rs. 572.75 respectively. The current market cap of the company is Rs. 125845.72 crore.
The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 37.86% and 11.78% respectively.
HDFC Life Insurance Company and Lokmanya Multipurpose Cooperative Society have entered into a corporate agency tie-up that would enable the latter to distribute life insurance products of HDFC Life to its customers. HDFC Life offers a wide range of life insurance products, designed to meet various life stage needs of individuals. Through this new partnership, the company could contribute further towards increasing life insurance penetration.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
